Casino operators gain after Macau's June gambling revenue rises
ReutersJul 1, 2025 12:02 PM
Shares of some U.S.-based casino operators up in premarket trade after Macau reports rise in June gambling revenue
Macau says June gambling revenue up 19% from a year earlier to 21.1 billion patacas ($2.61 billion)
Shares of Wynn Resorts WYNN.O up 4.62%, Las Vegas Sands LVS.N up 5.8%, MGM Resorts International MGM.N marginally higher
"We think June’s GGR (gross gaming revenue) still surprised to the upside, and believe many investors were expecting GGR +12-14% y/y" - JPMorgan analyst Daniel Politzer
As of last close, S&P 500 Casinos & Gaming index .SPLRCCCGL down 7.77% YTD
($1 = 8.0850 patacas)
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